BUY LOW SELL HIGH

Surprise surprise, BUY signals are lining up as the RSI (2) levels have slipped to under 5 on most major indexes with the SPX at 5 and the DJIA at 3.

Volatility indexes also cooperating as they are all now at/near 15% above the 10 SMA.

Fly in the ointment is the indexes are generally below all the major moving averages signifying a pretty angry down trend.

I am going to take a shot on the long side with some QQQQ and hope to flip em sometime over the next few weeks.